Treasuries Higher in Flight to Safety
Bonds higher in flight to safety action as U.S. stocks skid amid growing perception U.S. economy will slowdown substantially in coming months, which is driving the dollar lower. Speculation growing the Fed will cut rates soon to bolster the economy. Awaiting reports on the Sept. U.S. Trade deficit, which see widening to $60.0 billion from $57.6 in August; Oct. Import Prices, which see rising 1.1% due to higher oil prices; and the Michigan Consumer Sentiment Index, which see dipping to 80.5 in November from 80.9 in October. The 2-year notes up 03/32 to 100-13/32 for yield of 3.426%, 10-year notes up 11/32 to 100-03/32 for yield of 4.244% and the 30-year bond up 19/32 to 105-31/32 for yield of 4.630%. European bonds higher.